The answer to this question is as follows:
1. Just read the financial statement for the third quarter of 2020 released by Gree Company, which is basically true. At the same time, it also analyzed the financial statements of Gree in recent years, and basically did not borrow money. See the screenshot below for specific data. Monetary funds131000 million yuan, short-term loans1809 million yuan, long-term loans1579 million yuan. As can be seen from the financial statements, there are few bank loans and abundant cash flow.
2. Based on my long-term experience in analyzing corporate financial statements, I personally think that Gree's financial statements are highly credible. Because this company is not only rich in monetary funds, but also maintains a high cash dividend ratio every year. Cash dividends are real money, not just optimistic about the statements. For example, in the past, the financial statements of some Leibao companies were very beautiful, but they just didn't pay dividends very much. Cash seems abundant, but there are also many bank loans. You must think twice when you see such financial statement data.
3. Personally, I think Gree is an excellent company among listed companies. Although dividends have been paid in a large proportion for a long time, including the COVID-19 epidemic last year, it is not easy to continue to pay dividends to shareholders. Personally think it is a company with reliable financial statements.
4. The stock market is risky, so the investment should be cautious. The above answers are personal opinions and are for reference only!
Dong Mingzhu said that Gree has no bank loan, which is true.
It is also true that there are hundreds of billions of cash in Gree's account.
At present, listed companies rarely borrow money from banks, all from the securities market, stock issuance, issuance of creditor's rights, stock incentives and so on. Not only can you get hundreds of millions to hundreds of billions of dollars, but you don't need interest. The risk is borne by the investor.
Gree is such a large enterprise group, with hundreds of billions of accounts payable and hundreds of billions of funds on account, which is not too much. If there is no working capital, the enterprise cannot operate, that is, it is not far from bankruptcy.
Sister Dong is a doer. Unlike those financial swindlers, she doesn't have to lie. So what she said is completely credible. Of course, she has made great contributions to China enterprises and brands, and deserves more respect? It's normal for some little people to ruin her, because they are not human?
If an enterprise says that there is no loan, it means that it has almost no big investment direction, that is, small security means wealth. Indeed, Gree maintains the air-conditioning business.
If you know anything about artillery, listen to it. Don't be so enthusiastic and serious. Just entertain yourself after dinner.
Always remember that the present does not represent the future! It is impossible for any enterprise to have no bank loan. Lao Dong has two down sons and a lesbian, who can make China-made electrical appliances go global! It is not easy! This is a heroine, and she has won honor for her motherland! We support you!
Poverty limits some people's imagination. Not borrowing is not necessarily an "advanced concept." The credit society does not judge enterprises by whether they have borrowed money. Apple, Google, Tencent and Baidu, which of the top 500 enterprises have not borrowed money, are not borrowers? The debt of the largest bank in the universe will not be less than 80%, and the United States is definitely the largest debtor country in the world. So don't take Dong Mingzhu's Quotations as truth. Not borrowing money today does not mean that you will never be in debt in the past or in the future. Dong Mingzhu can only represent an individual but not an era, and Gree is not alone in Dong Mingzhu.
Dong Mingzhu really has an honest entrepreneur.